Vesttoo, an Israel-based alternative reinsurance and investment platform, has closed an $80 million Series C financing round, valuing the company at $1 billion.

The insurance risk transfer platform will use the proceeds from the round to further advance its global presence, improve its AI-based marketplace platform and extend its offering to insurers and investors.

The Series C funding round of Vesttoo is co-led by Mouro Capital and a global private equity fund, with participation from an American bulge-bracket investment bank, Gramercy Ventures, Hanaco Ventures, and Black River Ventures.

Yaniv Bertele — Vesttoo CEO said: “Our clients and equity partners understand the Vesttoo vision and the opportunity we provide.

“In a time rife with uncertainty, Vesttoo is showing resilience, financial strength and profitability, thanks to our compelling value proposition.

“Our AI-based marketplace is set to propel the insurance industry forward by better connecting risk to capital sourced from global investors.”

The Series C round of the Israeli insurtech company comes close on the heels of Mouro Capital led $15 million Series B round with participation from MS&AD Holdings in November 2021. Vesttoo Series A round was led by Hanaco Ventures in August 2021.

Chris Gottschalk — Mouro Capital General Partner said: “Vesttoo has built a unique marketplace, proven by robust market demand and the Company’s impressive growth trajectory.

“We are thrilled to double down on our partnership with Vesttoo as they continue to scale in a market ripe for innovation.”

The Vesttoo Marketplace will enable investors to access a wide range of reinsurance products and evaluate their performance with data-driven analytics.

  Black River Ventures, Chris Gottschalk, Gramercy Ventures, Hanaco Ventures, Insurance industry news, insurtech, Israel, Mouro Capital, Vesttoo, Yaniv Bertele